Prime Minister Nawaz Sharif on Saturday criticized Pakistan People’s Party founder and former premier Zulfiqar Ali Bhutto for his policy of nationalization, which he said damaged Pakistan.
“Had there been no nationalization policy, Pakistan would have prospered,” he said and added that he was worried about unemployment amongst thee youth in the country before election as there was nobody to help them.
Addressing participants of Youth Program, the prime minister said that he had initiated youth loan scheme keeping in view their agony. He added that the youngsters could take the country’s economy to new heights.
He said that Zulfiqar Ali Bhutto nationalized the biggest institutions, inflicting losses to national economy. The prime minister said that his government was pondering to privatize PIA and other some institutions running on losses.
He said earlier loans were available for the rich it was only his government that initiated the revolutionary scheme to provide loans to the youth.
Nawaz regretted that no previous government had bothered to look after the 110 million youth of the country and it was only the PML N government that took the decision to bring them into national mainstream.
Noting the examples of Korea and Malaysia, he said small and medium enterprises played key role in the countries and hoped he would be able to replicate the same in Pakistan by launching the scheme.